My script is build at 4h time frame with continuing second short clone line until the 1.10 area. After reaching that point it is strong opportunity to buy until the 1.75 area. When u look 1W time frame it will rise to 1.22 point. Thats the big point do SELL. I mean thats the point that FED will change interest Rate
structure show that she like correction and also GER 30 is on strong line to go high. Possible surprise is Greek deal. i forget to change colors, green is down :D
pair EURUSD is not just a lonly pair, so it must also check others pair to do good decision. Is other pair near a strong line? yes GBPUSD is on strong resistance - double top - high probability to do correction= EUR DOWN EURJPY on strong line - high probability to do correction = EUR DOWN USDJPY - flag structure - no important GER30 is also on strong line...
1 option: corection at FN to support - SO is on TOP, also RSI. Mayby will structure create a little double top nad then corection. Then rise to 1.10000 = strong line, 2x resistance, when it brokes = long to 1.11600. on Monday watch USD PMI data to do good decision 2. option: structure od 0,764 FN retracement = simply strong short to 1.06000, when broke 1.08000...
1 option: corection at FN to support - SO is on TOP, also RSI. Mayby will structure create a little double top nad then corection. Then rise to 1.10000 = strong line, 2x resistance, when it brokes = long to 1.11600. on Monday watch USD PMI data to do good decision 2. option: structure od 0,764 FN retracement = simply strong short to 1.06000, when broke 1.08000 line